Technical analysis of USD/CHF for March 16, 2017 888011000 110888 Introduction: The USD/CHF pair continues to move down from the levels of 1.0104 and 1.0052. The other day, the set dropped from the level of 1.0104( this level of 1.0104 accompanies the ratio of 78.6%Fibonacci retracement) down around the area of 0.9978. Today, the very first support level is seen at 0.9933 followed by 0.9897, while everyday resistance 1 is discovered at 1.0052. Amid the previous events, the set is still in an uptrend, due to the fact that the USD/CHF set is trading in a bearish trend from the price of 1.0052 towards the very first support level at 0.9978 in order to check it. Therefore, the very first bearish wave is seen at 0.9933, for that i the pair is successful to go through the level of 0.9933, the marketplace will indicate a bearish opportunity below the level of 0.9978. In other words, sell orders are advised below the spot of 0.9978 with the very first target at the level of 0.9933; and continue toward 0.9897.If the NZD/USD pair fails to break through the significant resistance level of 1.0104 today, then you must set your stop loss at 1.0150. The product has been offered by InstaForex Business- www.instaforex.com

By | March 16, 2017

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Overview:

  • The USD/CHF pair continues to move downwards from the levels of 1.0104 and 1.0052. Yesterday, the pair dropped from the level of 1.0104 (this level of 1.0104 coincides with the ratio of 78.6% Fibonacci retracement) to the bottom around the spot of 0.9978. Today, the first support level is seen at 0.9933 followed by 0.9897, while daily resistance 1 is found at 1.0052. Amid the previous events, the pair is still in an uptrend, because the USD/CHF pair is trading in a bearish trend from the price of 1.0052 toward the first support level at 0.9978 in order to test it. Therefore, the first bearish wave is seen at 0.9933, for that i the pair succeeds to pass through the level of 0.9933, the market will indicate a bearish opportunity below the level of 0.9978. In other words, sell orders are recommended below the spot of 0.9978 with the first target at the level of 0.9933; and continue toward 0.9897. However, if the NZD/USD pair fails to break through the major resistance level of 1.0104 today, then you should set your stop loss at 1.0150.

The material has been provided by InstaForex Company – www.instaforex.com

Jonathon Alexander

Trading prepare for 16/03/2017

By | March 16, 2017

Trading plan for 16/03/2017: On Thursday 16th of March, the most awaited occasion during the European session is the Bank of England rate of interest decision. During the American session, market individuals will be keeping an eye on Building Allows report, Philly Fed Manufacturing Index, and Unemployment Claims report.GBP/ USD analysis for 16/03/2017:

The Bank of England is anticipated to leave the rate of interest at the level of 0.25% today, together with possession purchase center. Nonetheless, the higher inflation mostly driven by food and energy prices will give a reason to the hawkish policy that may be reflected in the minutes of the conference released at the very same time as the declaration. Additionally, Brexit stress and anxiety is high with the U.K. federal government planning to set off Article 50 on Tuesday will be on the minds of BoE members. Scotland is calling for a 2nd independence referendum within a two-year time frame.Let’s now take a look at GBP/USD technical picture in H4 time frame. After the bottom at the level of 1.2108 had been developed the price rallied somewhat to the technical resistance at the level of 1.02303, however it was declined. Just an unexpected interest rate hike may send out the GBP greater above this level, towards the next important technical resistance at the level of 1.2345 and 1.2478. On the other hand, if the BoE makes foreseeable choices, then more sideways rate action is expected with a possibility of another test of the technical support at the level of 1.2108.

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Market photo-EUR/USD breaking above resistance After yesterday’s FOMC choice, the set rallied to the next technical resistance at the level of 1.0713 and broke out above it. If today’s information from the United States economy, specifically Philly Fed Production Index (30.2 points anticipated vs. 43.2 points prior) and Unemployment claims (245k anticipated vs. 243k previous) are even worse than expected, then EUR/USD pair might break out even higher and test the swing high at the level of 1.0828.

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Market snapshot-GOLD in a relief rally The cost of Gold handled to backtrack 50 % of the previous swing down after the FOMC interest rate hike and now is trading around the level of $1,229. Trading conditions look slightly overbought, however the real problem for the gold bulls is the real possibility of a more interest rate walkings in the United States. This is why the present rally upwards is being considered as a short-term correction, not like a start of a brand-new up trend. Any violation of the technical assistance at the level of $1211 will be the very first idea of a possible down trend continuation.

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The material has been provided by InstaForex Company – www.instaforex.com

Jonathon Alexander

Global macro summary for 16/03/2017

By | March 16, 2017

Global macro introduction for 16/03/2017: The Swiss National Bank chose to leave the interest rates unchanged at the level of -0.75%. The 3-month LIBOR lower target variety was set at -1.25%and 3-month LIBOR upper target range was postponed at -0.25%. In the official statement, the SNB stated that it would stay active in a forex market as needed due to the fact that Swiss Franc is significantly miscalculated. Some changes were introduced in inflation expectations, so SNB upgraded 2017 CPI projection to 0.3 % vs 0.1 %in December and 2018 CPI to 0.4 %vs 0.5%previously. The Gross Domestic Product projections were maintained at the level of 1.5%. In conclusion, except minor uptick in inflationary pressures the choice came as not a surprise to markets and the old great SNB rhetoric was maintained.Let’s now take a look at the USD/CHF technical photo in the H4 amount of time after the news was released. The marketplace has actually broken out below the golden pattern line support and now is trading simply below the technical resistance at the level of 1.0008. The trading conditions are oversold and the price should begin a corrective move to the upside any time soon. The first target after the 1.0008 violation is the technical resistnace at the level of 1.0058. The material has actually been offered by InstaForex Business -www.instaforex.com

Jonathon Alexander

Technical analysis of EUR/USD for Mar 16, 2017 888011000 110888 When the European market opens, some Economic Data will be launched, such as Last Core CPI y/y, and Final CPI y/y. The United States will launch the economic data, too, such as Gas Storage, JOLTS Job Openings, Housing Starts, Joblessness Claims, Philly Fed Production Index, and Building Permits,so, amid the reports, EUR/USD will move in a low to mediumvolatility throughout this day.TODAY’S TECHNICALLEVEL: Breakout BUYLevel: 1.0789.Strong Resistance:1.0783. Original Resistance: 1.0772. Inner Offer Location: 1.0761.Target Inner Area: 1.0736.Inner Buy Area: 1.0711. Original Support: 1.0700. Strong Assistance: 1.0689. Breakout OFFER Level: 1.0683. Disclaimer: Trading Forex(foreign exchange)on margin brings a high level of risk, and may not be suitable for all financiers. The high degree of utilize can work against you along with for you. Before deciding to purchase foreign exchange you need to carefully consider your financial investment goals, level of experience, and danger hunger. The possibility exists that you might sustain a loss of some or all your initial financial investment and therefore you need to not invest money that you can not manage to lose. You need to be aware of all the risks related to foreign exchange trading, and consult from an independent monetary consultant if you have any doubts.The product has actually been offered by InstaForex Company-www.instaforex.com

By | March 16, 2017

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When the European market opens, some Economic Data will be released, such as Final Core CPI y/y, and Final CPI y/y. The US will release the economic data, too, such as Natural Gas Storage, JOLTS Job Openings, Housing Starts, Unemployment Claims, Philly Fed Manufacturing Index, and Building Permits, so, amid the reports, EUR/USD will move in a low to medium volatility during this day.

TODAY’S TECHNICAL LEVEL:

Breakout BUY Level: 1.0789.

Strong Resistance:1.0783.

Original Resistance: 1.0772.

Inner Sell Area: 1.0761.

Target Inner Area: 1.0736.

Inner Buy Area: 1.0711.

Original Support: 1.0700.

Strong Support: 1.0689.

Breakout SELL Level: 1.0683.

Disclaimer: Trading Forex (foreign exchange) on margin carries a high level of risk, and may not be suitable for all investors. The high degree of leverage can work against you as well as for you. Before deciding to invest in foreign exchange you should carefully consider your investment objectives, level of experience, and risk appetite. The possibility exists that you could sustain a loss of some or all of your initial investment and therefore you should not invest money that you cannot afford to lose. You should be aware of all the risks associated with foreign exchange trading, and seek advice from an independent financial advisor if you have any doubts.

The material has been provided by InstaForex Company – www.instaforex.com

Jonathon Alexander

Technical analysis of USD/JPY for Mar 16, 2017 888011000 110888 In Asia, Japan will release the BOJ Press Conference, Monetary Policy Statement, and BOJ Policy Rate information, and the US will launch some Economic Data, such as Gas Storage, JOLTS Task Openings, Housing Starts, Joblessness Claims, PhillyFed Manufacturing Index, and Building Allows. There is a likelihood the USD/JPY will move with low to medium volatility during this day.TODAY’S TECHNICAL LEVEL: Resistance. 3: 113.90.Resistance. 2: 113.68. Resistance. 1: 113.45. Support. 1: 113.18. Assistance. 2: 112.96. Support. 3: 112.73. Disclaimer: Trading Forex(forex)on margin brings a high level of danger, and may not appropriate for all investors. The high degree of leverage can work versus you in addition to for you. Before deciding to buy foreign exchange you should carefully consider your financial investment goals, level of experience, and threat cravings. The possibility exists that you could sustain a loss of some or all of your initial investment and therefore you need to not invest money that you can not manage to lose. You must know all the threats related to forex trading, and seek advice from an independent monetary advisor if you have any doubts.The material has actually been provided by InstaForex Business-www.instaforex.com

By | March 16, 2017

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In Asia, Japan will release the BOJ Press Conference, Monetary Policy Statement, and BOJ Policy Rate data, and the US will release some Economic Data, such as Natural Gas Storage, JOLTS Job Openings, Housing Starts, Unemployment Claims, Philly Fed Manufacturing Index, and Building Permits. So, there is a probability the USD/JPY will move with low to medium volatility during this day.

TODAY’S TECHNICAL LEVEL:

Resistance. 3: 113.90.

Resistance. 2: 113.68.

Resistance. 1: 113.45.

Support. 1: 113.18.

Support. 2: 112.96.

Support. 3: 112.73.

Disclaimer: Trading Forex (foreign exchange) on margin carries a high level of risk, and may not be suitable for all investors. The high degree of leverage can work against you as well as for you. Before deciding to invest in foreign exchange you should carefully consider your investment objectives, level of experience, and risk appetite. The possibility exists that you could sustain a loss of some or all of your initial investment and therefore you should not invest money that you cannot afford to lose. You should be aware of all the risks associated with foreign exchange trading, and seek advice from an independent financial advisor if you have any doubts.

The material has been provided by InstaForex Company – www.instaforex.com

Jonathon Alexander

Everyday analysis of significant sets for March 16, 2017 888011000 110888 EUR/USD: As it was anticipated, the EUR/USD trended seriously upwards on Wednesday, resulting in a Bullish Confirmation Pattern in the market. This week, the rate moved a little downwards on Monday and Tuesday and has now broken upwards. The next target for bulls is located at the resistance line of 1.0750. USD/CHF: The USD/CHF went sideways on Monday and Tuesday, and after that broke southwards on Wednesday. This is partly due to the reality the EUR/USD went upwards( and the weakness in USD was well expected ). The rate has already checked the supportlevel at 1.0000– yet to settle listed below it– and a constant selling pressure is required to attain that objective. GBP/USD: The weakness in Greenback has actually brought about some rally on the Cable television. GBP is not strong in its own right, but it is just being helped by the weak point in Greenback. The rally has actually not caused any change in the bearish predisposition; unless the rate goes upwards by another 300 pips. It is possible for the marketplace to be corrected a bit downwards.USD/JPY: A” sell “signal has practically been brought about by the big pullback that took place on Wednesday. The EMA 11 has actually practically crossed the EMA 56 to the disadvantage. The RSI duration 14 has crossed the level 50 to the downside. The cost could reach the demand levels at 113.00 and 112.50 before it reverses upwards. A turnaround would take place sometime before the end of March 2017. EUR/JPY: In the 4-hour chart, the EMA 11 is still above the EMA 56, though the RSI duration 14 is practically below the level 50. The position of the RSI was produced by the short-term weakness in the market. Additional bearish movement would lead to a bearish signal; while a rally would lead to another affirmation of the recent bullish outlook. The product has actually been provided by InstaForex Business- www.instaforex.com

By | March 16, 2017

EUR/USD: As it was expected, the EUR/USD trended seriously upwards on Wednesday, resulting in a Bullish Confirmation Pattern in the market. This week, the price moved slightly downwards on Monday and Tuesday and has now broken upwards. The next target for bulls is located at the resistance line of 1.0750.

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USD/CHF: The USD/CHF went
sideways on Monday and Tuesday, and then broke southwards on Wednesday. This is
partly due to the fact the EUR/USD went upwards (and the weakness in USD was
well anticipated). The price has already tested the support level at 1.0000 – yet to
settle below it – and a continuous selling pressure is required to achieve that
goal.

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GBP/USD: The weakness in
Greenback has brought about some rally on the Cable. GBP is not strong in its
own right, but it is only being helped by the weakness in Greenback. The rally
has not brought about any change in the bearish bias; unless the price goes upwards
by another 300 pips. It is possible for the market to be corrected a bit
downwards.

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USD/JPY: A “sell” signal has almost been brought about
by the large pullback that occurred on Wednesday. The EMA 11 has almost crossed
the EMA 56 to the downside. The RSI period 14 has crossed the level 50 to the
downside. The price could reach the demand levels at 113.00 and 112.50 before it
reverses upwards. A reversal would happen sometime before the end of March
2017.

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EUR/JPY: In the 4-hour chart,
the EMA 11 is still above the EMA 56, though the RSI period 14 is almost below
the level 50. The position of the RSI was brought about by the short-term
weakness in the market. Further bearish movement would result in a bearish
signal; while a rally would result in another affirmation of the recent bullish
outlook.

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The material has been provided by InstaForex Company – www.instaforex.com

Jonathon Alexander

Treasuries Close Greatly Greater Following Fed Statement

By | March 15, 2017

After seeing modest strength for much of the trading session on Wednesday, treasuries surged greater in response to the Federal Reserve’s commonly expected decision to raise rate of interest.

Bond prices got on the heels of the Fed announcement before closing strongly in favorable area. As a result, the yield on the benchmark ten-year note, which moves reverse of its price, tumbled by 8.7 basis points to 2.508 percent.

With the high drop, the ten-year yield continued to give back ground after reaching its greatest closing level in well over 2 years on Monday.

The greatly greater close by treasuries followed the Fed revealed its decision to raise the target range for the federal funds rate by 25 basis points to 0.75 to 1 percent.

A declaration from the Fed said the choice to raise rates was available in light of recognized and expected labor market conditions and inflation.

The Fed stated data received given that its previous conference in February indicates that the labor market has actually continued to enhance which economic activity has actually continued to broaden at a moderate speed.

Looking ahead, members of the Fed job two more rate hikes this year, which would bring the target range for the federal funds rate to 1.25 to 1.50 percent. The typical price quote is unchanged from last December.

The Fed restated that it anticipates financial conditions will progress in a way that will call for steady boosts in interest rates.

Minneapolis Fed President Neel Kashkari was the lone member to vote against the rate walking, choosing to leave rates unchanged.

The Fed statement largely overshadowed the multitude of financial information launched previously in the day, consisting of a report from the Commerce Department showing an uptick in retail sales in the month of February.

The Commerce Department said retail sales inched up by 0.1 percent in February after climbing up by an upwardly revised 0.6 percent in January. The small boost came in line with economist estimates.

Leaving out a modest drop in vehicle sales, retail sales increased by 0.2 percent in February after leaping by 1.2 percent in January. The boost in ex-auto sales likewise matched expectations.

A different report from the Labor Department revealed a modest uptick in customer costs in February, while the National Association of Home Builders said its reading on homebuilder self-confidence jumped to an almost twelve-year high in March.

Reaction to the Fed statement might continue to impact trading on Thursday, although traders are also likely to watch on reports on weekly unemployed claims, real estate starts, and Philadelphia-area manufacturing activity.

The material has been supplied by InstaForex Company – www.instaforex.com

Jonathon Alexander